zSpace, Inc.
0.9634-0.14 (-12.4%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · ZSPC · USD
Key Stats
Market Cap
23.16MP/E (TTM)
0.80Basic EPS (TTM)
1.20Dividend Yield
0%Recent Filings
8-K
zSpace shifts to Nasdaq Capital Market
zSpace transferred its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market effective October 16, 2025, after falling below the $15 million minimum market value of publicly held shares. This move resolved prior noncompliance and aligns better with the company's growth-stage profile, ensuring sustained eligibility while preserving trading under ZSPC. The transfer bolsters compliance as zSpace pursues international expansion. Yet risks like market volatility persist.
8-K
zSpace amends convertible note
zSpace amended its $13.98 million senior secured convertible note with holder 3i LP on October 15, 2025, slashing the floor price from $1.98 to $0.60 per share and easing equity conditions for share payments by lowering the VWAP threshold to $0.75 and volume to $200,000. This clears prior defaults via a $2.34 million conversion and $618,430 cash true-up by November 14, while stockholders at the annual meeting approved related share issuances and elected four Class I directors. Eases dilution risks, yet ties conversions to market liquidity.
8-K
zSpace secures $2M loans
zSpace inked two term loans totaling $2 million from Itria Ventures on August 20, 2025, netting $1.97 million after fees for working capital. The first $1 million carries 18% interest over 15 months; the second, 18.99% over 18 months—both secured by a second-priority lien on assets, subordinated to 3i's $12 million senior debt. High rates signal tight liquidity, yet funds bolster operations amid existing obligations. Default risks loom if cash flow falters.
8-K
Flat revenue, wider loss
zSpace reported flat Q2 2025 revenue of $7.5 million versus the prior year, amid funding uncertainties and order delays in education markets. Gross margins improved to 43% from 40%, boosted by lower hardware costs and more proprietary software, yet net loss widened to $6.1 million from $4.7 million due to higher operating expenses. Bookings plunged 54% to $7.2 million, but renewable software ACV rose 11% to $10.9 million and retention hit 131%. Cash dwindled to $1.4 million.
10-Q
Q2 FY2025 results
zSpace held revenue steady at $7.5M for Q2 FY2025 ended June 30, 2025, flat y/y but down 7% for the half to $14.2M amid funding delays in K-12; gross profit climbed to $3.2M (43% margin, up from 40%), fueled by hardware efficiencies and software retention at 131% NDRR. Operating loss widened to $6.3M from $3.5M y/y, driven by $1.9M in stock-based comp from recent RSU grants, yet the half-year loss narrowed 30% to $11.9M. Cash dipped to $1.4M after $11.6M operating burn, offset by $13M convertible debt proceeds used to repay $6.8M in prior loans—now $10.9M total debt at 6% interest maturing 2027, secured by assets. Investors eye the July ELOC for up to $30M in equity liquidity. Tariff volatility lingers as a supply chain wildcard.
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